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AGRICULTURAL PROPERTY A Land Main Crop Total Cost B Other property I Agricultural Equipment See Note 5 II Livestock III Description IV Number V Seeds/Seedlings 4. BUSINESS LIABILITIES See Note 4 LIABILITIES OUTSIDE THE ACCOUNT BOOKS A. Personal Liabilities Mortgages secured on property or land Bank Overdraft/Loan Amounts due under Hire Purchase Agreements See Note 8 Other debts due Liabilities of the spouse minor children and dependents Total Liabilities Total net worth 12. INVESTMENTS at...
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What is it-10 b?
It-10 b is a form used to report information about certain financial accounts held by foreign entities.
Who is required to file it-10 b?
U.S. persons who have a financial interest in or signature authority over foreign financial accounts exceeding $10,000 are required to file it-10 b.
How to fill out it-10 b?
It-10 b can be filled out online through the Financial Crimes Enforcement Network (FinCEN) website or by mailing a paper form to the address provided on the form instructions.
What is the purpose of it-10 b?
The purpose of it-10 b is to help the U.S. government detect and prevent tax evasion by U.S. persons using foreign financial accounts.
What information must be reported on it-10 b?
Information such as the account number, name of the foreign financial institution, and the maximum value of the account during the reporting period must be reported on it-10 b.
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